Binance BTCUSDT 15m Trend Prediction

The current price of BTCUSDT is 111150. It has experienced a sharp decline within the past hour, indicating a clear short- to medium-term bearish pattern. The MACD is significantly negative and shows no signs of convergence, with the bears maintaining strong momentum. There are no obvious signs of stabilization on the short cycle. The Bollinger Band width remains normal, but the Percent B is extremely low, indicating that the price is adhering closely to the lower band. This suggests that there is no solid foundation for a quick rebound in the short term. Multiple RSI indicators are in the oversold zone, implying a potential for a brief technical rebound. However, trading volume and capital flow behaviors suggest persistent downward inertia, making the risk of a countertrend rebound very high; the oversold condition in the KDJ indicator has not yet shown a turning point. Although the large traders' long-short account ratio and open interest ratios are both relatively high (1.81+), short-term trading sentiment has not translated into price momentum. The dominant direction is dictated by short-term capital flow. Active selling prevails, and short-term selling pressure is unlikely to ease. Support levels to watch are at 110484 and 108858. If the level at 110484 is breached, further downside space for the bears may emerge. Resistance is seen in the range of 111516-112143 (the mid and upper Bollinger Bands). It is unlikely in the short term for the price to effectively rebound to this level. It is expected that within 15 minutes, BTCUSDT is likely to continue its downward inertia. If it finds temporary support around 110400-110850, there may be a slight technical rebound opportunity; however, caution is advised regarding the fragility of the rebound in a weak market and the potential for further downside risks. Trading advice: Follow the trend with a bearish bias. Set stop-losses at 111620 (above the 10-period Moving Average). The target range is 110400-110850. Avoid blindly bottom-fishing; since the rebound does not surpass the MA5, refrain from initiating long positions.